 |
Whether purchasing or refinancing a home, we'll offer you sound and unbiased information.
Get national and regional topics like California's refinance market,
and calculators to evaluate your own mortgage.
|
John must have been chuckling when he put this link on the sidebar- he knew it would get me going.
David "Housing-will-never-bust-so-go-buy-a-bunch-of-it" Lereah is apparently calling on sellers to throw themselves on the funeral pyre of housing, for the greater good of the market. He assures us it won’t hurt them that much anyway. Here’s his comments:
Please consider dropping your hints and links into the Leave a Reply box below.
Fannie Mae’s New CFO, or The Fifth Labor of Hercules
To judge by his unglamorous official portrait, new Fannie Mae Chief Financial Officer Bob Blakely [1] must come across as The Man From Glad without the charisma. Fannie’s biography gives his education as "… a doctorate from Massachusetts Institute of Technology, a master of science and a bachelor of science in mechanical engineering from Cornell University". The following is more to the point, though.
Blakely has more than 30 years experience in finance, accounting, controls, and management. Before joining Fannie Mae, he was executive vice president and chief financial officer at MCI, where he oversaw the restatement and restructuring of the finance, accounting, and controls functions.
Today we take a break from Gloom and Doom to celebrate another authentic hero in the GSE saga. Like Roger Barnes in episode II, Bob Blakely is intensely focused on doing the right thing, and this time Fannie’s top management is onside.
